Employment Contract and Statements: What Matters in the Documents

Employment contract and statements: why they matter for property buyers 🏠

When you buy property in Georgia, agents, banks and notaries often ask for documents that confirm income, employment and ownership. An employment contract and various statements are central to prove affordability, trace the ownership history, and confirm the legality of funds.

Which “statements” are commonly requested and why 📄

• Bank statements — to show regular salary deposits and account activity.
• Property registry extract — to confirm the owner, encumbrances and other restrictions.
• Tax statements or proof of social contributions — to demonstrate declared income and tax compliance.
• Employment record or income certificate — to confirm job title, tenure and gross/net pay.

These documents help lenders assess risk, and they are needed for mortgage approval and notarisation of the sale.

What to check in the employment contract ✅

• Full details of the parties: employer’s legal name, registration number, address.
• Job title and responsibilities — the wording should match actual duties.
• Pay terms: how and when salary is paid, whether bonuses are included or separate.
• Working time and leave conditions — including remote work or shift patterns if relevant.
• Termination terms: notice period and grounds for dismissal.
• Signatures of both parties and company stamp where applicable.

If a contract looks like a short template, ask the employer for a detailed income statement or pay slips that show consistency.

How to handle statements: verification and best practices 🔎

• Match names and identifiers: the details on statements must match the passport and sale documents.
• Check dates: statements should cover a period long enough to show steady income.
• Request official bank statements with bank verification or a stamped printout, not just screenshots.
• For registry extracts: check for mortgages, liens, or easements that can affect the deal.

For foreigners: translation and legalisation matters 🌍

• Translations and notarisation: many authorities require documents in Georgian or English, certified by a notary.
• Apostille or legalisation: find out whether documents issued abroad need apostille to be accepted in Georgia.
• Ensure the employer’s contact details are present so the bank can verify income quickly.

Practical authenticity checks and tips 🔐

1. Always ask for originals and compare them to electronic copies.
2. Contact the issuing organisation to confirm the document’s validity — this is common practice.
3. Ask the bank in advance what exact statements they need for a mortgage: period and format.
4. If in doubt, consult a lawyer or a notary experienced with foreign documents and real estate transactions.

Common mistakes and how to avoid them ❗

• Mismatched dates between contract and statements — clarify with your employer.
• Missing signatures or stamps on supporting documents — request verified versions.
• Statements covering an insufficient period — lenders typically need a longer history to assess income stability.

Checklist before submitting documents ✔️

• Employment contract: signed copy plus certified translation if required.
• Bank statements: official statements for the required period.
• Property registry extract: current copy showing ownership and encumbrances.
• Tax or social contribution records where needed.
• Employer contact information for verification.

Final recommendations for buyers and investors 💡

Careful review of employment contracts and statements reduces legal and financial risks. Do not hesitate to request additional confirmations from your employer and to clarify bank requirements early. If you’re unsure about any document, get professional assistance.

If you need help checking documents while choosing a property or preparing for a mortgage, BuyHome can support you with document review and transaction support. Contact us — we will help you find the right property and prepare the paperwork. 🌟

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